2622 Park Dr · Lake Charles, LA 70605

$275,000

5 bd · 4.0 ba · 3,248 sqft · SingleFamily · 136 Days on market

Built 1971 0.52 ac lot $85/sqft · 42% below area Est $477k · 42% under ↓ 11% since listing

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Why this score? — see what drove the C- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• ARV discount +15.0/15.0
• Cash flow +14.1/30.0
• Rent growth +5.0/5.0
• DSCR +4.3/10.0
• Livability +3.4/5.0
• Schools +3.1/10.0
• 1% rule +3.0/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

What a find! 5 bedrooms/4baths, upstairs and downstairs master suites; 3248 sq. ft. heated and cooled floorspace. Phenomenal additional 998 sq. feet floored attic space for all kinds of storage plus a 2-car garage. Crown molding throughout the entire home is just one of the many upgrades. Don't forget to open that door in the garage to see the attached 19.5 x 13.7 shop under same roof. Note the high performing Barbe High School, S. J. Welsh Middle, and Prien Lake Elementary are zoned for this address. Location, location, location! 2 blocks from Prien Lake and beautiful Prien Lake Park, the pride of the city with walking paths, boat launch, picnic areas, public restrooms, and a very nice heated and cool gathering spot. Home was built solid as a rock in 1971 and has never left the ownership of the original family. Home offers a very deep 400' deep water well with clean, cool, sweet tasting water. The city can provide public water if owner wants to share in the cost as some neighbors have, but the owner loves the features of cool clean water and has not opted to do that, but the sewer remains mechanical. A great perk is a top-of-the-line Kohler natural gas fed permanent on-site generator. And there is one tankless water heater and one regular water heater. And if that is not enough, the home's entire exterior is original, solid red wood which has recently been refurbished. This home has the potential to be even more than the showplace it already is, the grand dame of an older neighborhood with old oaks where pride of ownership is evident at home on Park Drive.

Key facts

• Deep water well
• 0.52 acre lot
• 2 garage spots

Tags

• ADDITIONAL FLOORED ATTIC SPACE
• ATTACHED SHOP UNDER SAME ROOF
• ZONED FOR BARBE HIGH SCHOOL
• WALKING PATHS AND BOAT LAUNCH
• DEEP WATER WELL

What this means for you Summary

Snapshot

• This is a 5-bed/4.0-bath single-family listed at $275k.

Deal economics

• At list price, monthly cash flow is $39 ($463/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $219k (20.4% below list).
• Recommended offer: $219k (20.4% below list) — sets the bar for 1% rule.
• Cap rate 6.5% vs local median 4.3% in Lake Charles — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 68/100 on livability (#95 in LA) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: crime F, amenities F, employment D-.
• Calcasieu Parish (other): math 30% / reading 44% proficiency, ranked #29 of 98 in LA (top 30%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising fast (+15.1%/yr); 456 active listings in the ZIP; solid renter incomes; 1,298 units permitted in Calcasieu Parish in 2024 (526 in 5+ unit buildings).
• This rent runs 31% of the median local income ($86k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.
• Calcasieu County population projected at +11% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 136 days — a 12% lower offer ($242k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $218,864 (20.4% below list)

Questions for the listing agent

1. It's been on market 136 days. Have you received any prior offers? Is the seller open to a 20% concession, seller financing, or rate buy-down credit?
2. Built in 1971 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
6. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.80% ✗
• Cap rate: 6.46%
• Cash-on-cash: 0.60%
• DSCR: 1.03
• GRM: 10.5

CMA / ARV

• ARV (median comp): $476,921
• List price: $275,000
• Delta: -42.34%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2712 Bocage Ln	0.48mi	4/3.0 (-1)	3,301 (+2%)	9mo	$535,000	$162	58
4111 Woodside Dr Dr	0.58mi	4/3.5 (-1)	3,155 (-3%)	4mo	$473,000	$150	58
2709 Rue Calais Dr	0.67mi	4/3.5 (-1)	3,405 (+5%)	4mo	$595,000	$175	50
3717 Pin Oak Ct	0.53mi	4/3.0 (-1)	3,114 (-4%)	16mo	$350,000	$112	46
2411 Misty Wood St	0.74mi	4/3.0 (-1)	3,005 (-8%)	23mo	$565,000	$188	25

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 8.0% rent growth · sell at horizon

5-year hold

• IRR: -10.5%
• Equity multiple: 0.60×
• Total profit: $-30,635
• Equity at exit: $41,003

10-year hold

• IRR: 4.3%
• Equity multiple: 1.37×
• Total profit: $28,740
• Equity at exit: $23,777

Cash invested: $77,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 90 Strongly Landlord-Friendly
• State Louisiana: 90 Strongly Landlord-Friendly · R+12
• County: — inherits STATE
• City: — inherits STATE

5-day notice; no state rent control; civil-law jurisdiction; landlord-favorable.

Methodology + full state rankings →

ZIP-level market 70605

• Rents YoY: 15.1%
• Active inventory: 456
• Price-to-rent: 10.5×

Monthly cashflow live

• Estimated rent: $2,189 medium
• Mortgage (P&I): −$1,442
• Tax from tax record: −$134 /mo · $1,605/yr
• Insurance: −$115
• HOA: −$0
• Vacancy / Maint / Mgmt: −$460
• Net cashflow: $39

Break-even live

Break-even rent $2,140

Max offer price $275,000

Occupancy floor 93%

Sensitivity live

Price	-10% $194	-5% $116	+0% $39	+5% $-39	+10% $-117
Rent	-10% $-134	-5% $-48	+0% $39	+5% $125	+10% $211
Rate	-1.0pp $177	-0.5pp $109	base $39	+0.5pp $-33	+1.0pp $-105

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $68,750
• Closing costs: $8,250
• Reserves months: —
• Total cash needed: —

Listing history 20 events

1. 2026-06-19
   days on market $275,000 Active 136 DOM
2. 2026-06-18
   days on market $275,000 Active 135 DOM
3. 2026-06-17
   days on market $275,000 Active 134 DOM
4. 2026-06-16
   days on market $275,000 Active 133 DOM
5. 2026-06-15
   days on market $275,000 Active 132 DOM
6. 2026-06-14
   days on market $275,000 Active 130 DOM
7. 2026-06-13
   days on market $275,000 Active 129 DOM
8. 2026-06-10
   days on market $275,000 Active 127 DOM
9. 2026-06-09
   days on market $275,000 Active 126 DOM
10. 2026-06-08
    days on market $275,000 Active 125 DOM
11. 2026-06-07
    days on market $275,000 Active 124 DOM
12. 2026-06-05
    days on market $275,000 Active 121 DOM
13. 2026-06-02
    days on market $275,000 Active 119 DOM
14. 2026-06-01
    days on market $275,000 Active 118 DOM
15. 2026-05-31
    days on market $275,000 Active 117 DOM
16. 2026-05-30
    days on market $275,000 Active 116 DOM
17. 2026-04-24
    price $275,000 1583-char remark

    Show marketing remark (1583 chars)

    What a find! 5 bedrooms/4baths, upstairs and downstairs master suites; 3248 sq. ft. heated and cooled floorspace. Phenomenal additional 998 sq. feet floored attic space for all kinds of storage plus a 2-car garage. Crown molding throughout the entire home is just one of the many upgrades. Don't forget to open that door in the garage to see the attached 19.5 x 13.7 shop under same roof. Note the high performing Barbe High School, S. J. Welsh Middle, and Prien Lake Elementary are zoned for this address. Location, location, location! 2 blocks from Prien Lake and beautiful Prien Lake Park, the pride of the city with walking paths, boat launch, picnic areas, public restrooms, and a very nice heated and cool gathering spot. Home was built solid as a rock in 1971 and has never left the ownership of the original family. Home offers a very deep 400' deep water well with clean, cool, sweet tasting water. The city can provide public water if owner wants to share in the cost as some neighbors have, but the owner loves the features of cool clean water and has not opted to do that, but the sewer remains mechanical. A great perk is a top-of-the-line Kohler natural gas fed permanent on-site generator. And there is one tankless water heater and one regular water heater. And if that is not enough, the home's entire exterior is original, solid red wood which has recently been refurbished. This home has the potential to be even more than the showplace it already is, the grand dame of an older neighborhood with old oaks where pride of ownership is evident at home on Park Drive.

18. 2026-04-13
    price $299,000 1583-char remark

    Show marketing remark (1583 chars)

    What a find! 5 bedrooms/4baths, upstairs and downstairs master suites; 3248 sq. ft. heated and cooled floorspace. Phenomenal additional 998 sq. feet floored attic space for all kinds of storage plus a 2-car garage. Crown molding throughout the entire home is just one of the many upgrades. Don't forget to open that door in the garage to see the attached 19.5 x 13.7 shop under same roof. Note the high performing Barbe High School, S. J. Welsh Middle, and Prien Lake Elementary are zoned for this address. Location, location, location! 2 blocks from Prien Lake and beautiful Prien Lake Park, the pride of the city with walking paths, boat launch, picnic areas, public restrooms, and a very nice heated and cool gathering spot. Home was built solid as a rock in 1971 and has never left the ownership of the original family. Home offers a very deep 400' deep water well with clean, cool, sweet tasting water. The city can provide public water if owner wants to share in the cost as some neighbors have, but the owner loves the features of cool clean water and has not opted to do that, but the sewer remains mechanical. A great perk is a top-of-the-line Kohler natural gas fed permanent on-site generator. And there is one tankless water heater and one regular water heater. And if that is not enough, the home's entire exterior is original, solid red wood which has recently been refurbished. This home has the potential to be even more than the showplace it already is, the grand dame of an older neighborhood with old oaks where pride of ownership is evident at home on Park Drive.

19. 2026-03-12
    price $304,900 1583-char remark

    Show marketing remark (1583 chars)

    What a find! 5 bedrooms/4baths, upstairs and downstairs master suites; 3248 sq. ft. heated and cooled floorspace. Phenomenal additional 998 sq. feet floored attic space for all kinds of storage plus a 2-car garage. Crown molding throughout the entire home is just one of the many upgrades. Don't forget to open that door in the garage to see the attached 19.5 x 13.7 shop under same roof. Note the high performing Barbe High School, S. J. Welsh Middle, and Prien Lake Elementary are zoned for this address. Location, location, location! 2 blocks from Prien Lake and beautiful Prien Lake Park, the pride of the city with walking paths, boat launch, picnic areas, public restrooms, and a very nice heated and cool gathering spot. Home was built solid as a rock in 1971 and has never left the ownership of the original family. Home offers a very deep 400' deep water well with clean, cool, sweet tasting water. The city can provide public water if owner wants to share in the cost as some neighbors have, but the owner loves the features of cool clean water and has not opted to do that, but the sewer remains mechanical. A great perk is a top-of-the-line Kohler natural gas fed permanent on-site generator. And there is one tankless water heater and one regular water heater. And if that is not enough, the home's entire exterior is original, solid red wood which has recently been refurbished. This home has the potential to be even more than the showplace it already is, the grand dame of an older neighborhood with old oaks where pride of ownership is evident at home on Park Drive.

20. 2026-02-03
    listed $310,000 Active 1583-char remark

    Show marketing remark (1583 chars)

    What a find! 5 bedrooms/4baths, upstairs and downstairs master suites; 3248 sq. ft. heated and cooled floorspace. Phenomenal additional 998 sq. feet floored attic space for all kinds of storage plus a 2-car garage. Crown molding throughout the entire home is just one of the many upgrades. Don't forget to open that door in the garage to see the attached 19.5 x 13.7 shop under same roof. Note the high performing Barbe High School, S. J. Welsh Middle, and Prien Lake Elementary are zoned for this address. Location, location, location! 2 blocks from Prien Lake and beautiful Prien Lake Park, the pride of the city with walking paths, boat launch, picnic areas, public restrooms, and a very nice heated and cool gathering spot. Home was built solid as a rock in 1971 and has never left the ownership of the original family. Home offers a very deep 400' deep water well with clean, cool, sweet tasting water. The city can provide public water if owner wants to share in the cost as some neighbors have, but the owner loves the features of cool clean water and has not opted to do that, but the sewer remains mechanical. A great perk is a top-of-the-line Kohler natural gas fed permanent on-site generator. And there is one tankless water heater and one regular water heater. And if that is not enough, the home's entire exterior is original, solid red wood which has recently been refurbished. This home has the potential to be even more than the showplace it already is, the grand dame of an older neighborhood with old oaks where pride of ownership is evident at home on Park Drive.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast LA · Resets to sale price

• Current annual tax: $1,605 · $134/mo
• Projected year-2 tax: $1,605 · $134/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 3/10 Moderate FEMA zone X (unshaded) · 12% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥109°F today · 22 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $26,264
• − Mortgage interest: −$15,404
• − Property taxes: −$1,605
• − Insurance: −$1,375
• − Repairs & maintenance: −$2,101
• − Management: −$2,101
• − Depreciation: −$8,000
• Taxable loss: −$4,323
• Est. tax savings @ 24.0%: +$1,037
• After-tax cash flow: $1,500/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Calcasieu Parish
• NCES district ID: 2200330
• Math proficiency: 30% ▼ -39.00%
• Reading proficiency: 44% ▼ -33.00%
• Median HH income: $44,700
• Composite: 31.45/100
• National rank: #5979
• State rank: #29 of 98 in LA

Livability — Lake Charles

• Score: 68/100
• State rank: #95
• US rank: #9820

Category grades

Amenities F Commute A+ Cost of living A+ Crime F Employment D- Housing A+ Health & safety F User ratings D-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lake Charles, LA
• County: Calcasieu Parish · 170,889 people
• City population: 133,538
• Metro: Lake Charles, LA
• Population (ZIP): 40,482
• Household income: $86,015
• Rent vs Own: 27.7% rent · 72.3% own
• Severe rent burden: 1328.0

Population outlook (Calcasieu County) Hauer SSP2

• Today (2025): 212,179 people
• By 2030: 218,199 · +2.8%
• By 2040: 228,486 · +7.7%
• By 2050: 236,208 · +11.3%
• By 2075: 251,696 · +18.6%
• By 2100: 247,848 · +16.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (79%)
• Race & ethnicity: White 79% Black 10% Hispanic / Latino 6% Two or more races 6% Asian 3%
• Hispanic origin (detail): Mexican 2%
• Common ancestry: Lithuanian 12% Italian 3% Slovak 2%
• Foreign-born: 6% · Canada, Jamaica
• Languages at home: 92% English-only · Spanish 4% Other Indo-European 2% Other Asian/Pacific 1%

Political lean MEDSL · Calcasieu

• 2024 margin: Solid R (+39.6) · D 29.5% · R 69.0% · Other 1.5%
• 2008→2024 swing: -15.0pp toward R · 2008: -24.6pp · 2024: -39.6pp
• All cycles: 2024: R+39.6 2020: R+35.2 2016: R+33.3 2012: R+28.7 2008: R+24.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -102.68%
• Current HPI: 105.1903
• Rent YoY: ▲ 15.10%
• Metro: Lake Charles, LA
• State GDP YoY: ▲ 3.29%
• F500 in state: 10

Industry mix (Fortune 500 HQ in LA)

Industry	F500 HQs	Revenue
▸Telecommunications	2	$23B
▸Utilities	1	$12B
▸Wholesale / Distribution	1	$5B
▸Advertising	1	$2B

Price history

-11.3% since first listed

4 events — show timeline

• 2026-04-24 Price Changed $275,000 SWLAR
• 2026-04-13 Price Changed $299,000 SWLAR
• 2026-03-12 Price Changed $304,900 SWLAR
• 2026-02-03 Listed $310,000 SWLAR

Property tax history

-0.8%/yr

Latest (2025): $1,605 · +2.4% YoY. Source: county tax records.